KeyCorp
Market Cap
US$16.1b
Last Updated
2020/11/26 23:17 UTC
Data Sources
Company Financials +
Executive Summary
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
Similar Companies
Share Price & News
How has KeyCorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KEY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: KEY's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
5.7%
KEY
5.7%
US Banks
2.1%
US Market
1 Year Return
-15.1%
KEY
-17.0%
US Banks
19.8%
US Market
Return vs Industry: KEY exceeded the US Banks industry which returned -17% over the past year.
Return vs Market: KEY underperformed the US Market which returned 19.7% over the past year.
Shareholder returns
| KEY | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.7% | 5.7% | 2.1% |
| 30 Day | 30.7% | 23.3% | 8.1% |
| 90 Day | 29.3% | 18.5% | 6.0% |
| 1 Year | -10.6%-15.1% | -14.0%-17.0% | 22.5%19.8% |
| 3 Year | -2.8%-13.0% | -3.3%-11.4% | 46.5%36.8% |
| 5 Year | 49.4%27.5% | 40.4%22.9% | 96.9%75.3% |
Long-Term Price Volatility Vs. Market
How volatile is KeyCorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
KeyCorp (NYSE:KEY) Is About To Go Ex-Dividend, And It Pays A 4.4% Yield1 week ago | Simply Wall St
Is KeyCorp (NYSE:KEY) A Smart Choice For Dividend Investors?1 month ago | Simply Wall St
KeyCorp (NYSE:KEY) Share Prices Have Dropped 30% In The Last Three YearsValuation
Is KeyCorp undervalued compared to its fair value and its price relative to the market?
14.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KEY ($16.51) is trading above our estimate of fair value ($13.25)
Significantly Below Fair Value: KEY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KEY is poor value based on its PE Ratio (14.4x) compared to the US Banks industry average (11.5x).
PE vs Market: KEY is good value based on its PE Ratio (14.4x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: KEY is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: KEY's PB Ratio (1x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is KeyCorp forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
18.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEY's forecast earnings growth (18% per year) is above the savings rate (2.2%).
Earnings vs Market: KEY's earnings (18% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: KEY's earnings are forecast to grow, but not significantly.
Revenue vs Market: KEY's revenue is expected to decline over the next 3 years (-0.02% per year).
High Growth Revenue: KEY's revenue is forecast to decline over the next 3 years (-0.02% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KEY's Return on Equity is forecast to be low in 3 years time (8.8%).
Next Steps
Past Performance
How has KeyCorp performed over the past 5 years?
12.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEY has high quality earnings.
Growing Profit Margin: KEY's current net profit margins (20.7%) are lower than last year (27.2%).
Past Earnings Growth Analysis
Earnings Trend: KEY's earnings have grown by 12.7% per year over the past 5 years.
Accelerating Growth: KEY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KEY had negative earnings growth (-31.8%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).
Return on Equity
High ROE: KEY's Return on Equity (6.9%) is considered low.
Next Steps
Financial Health
How is KeyCorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: KEY's Assets to Equity ratio (9.6x) is low.
Allowance for Bad Loans: KEY has a sufficient allowance for bad loans (193%).
Low Risk Liabilities: 89% of KEY's liabilities are made up of primarily low risk sources of funding.
Loan Level: KEY has an appropriate level of Loans to Assets ratio (59%).
Low Risk Deposits: KEY's Loans to Deposits ratio (74%) is appropriate.
Level of Bad Loans: KEY has an appropriate level of bad loans (0.9%).
Next Steps
Dividend
What is KeyCorp current dividend yield, its reliability and sustainability?
4.48%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: KEY's dividend (4.48%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: KEY's dividend (4.48%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: KEY's dividends per share have been stable in the past 10 years.
Growing Dividend: KEY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.4%), KEY's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KEY's dividends in 3 years are forecast to be well covered by earnings (49.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.4yrs
Average management tenure
CEO
Chris Gorman (59 yo)
0.50
Tenure
US$4,983,907
Compensation
Mr. Christopher Marrott Gorman, also known as Chris, has been Chairman and Chief Executive Officer at KeyCorp since May 01, 2020 and serves as its Director since September 19, 2019. He served as its Chief ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD4.98M) is below average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 0.50yr | US$4.98m | 0.067% $ 10.7m | |
| CFO & Chief Administrative Officer | 7.42yrs | US$4.31m | 0.038% $ 6.1m | |
| Chief Information Officer & Executive VP | 8.5yrs | US$3.00m | 0.011% $ 1.7m | |
| Executive VP & Head of Institutional Bank | 4.25yrs | US$3.91m | 0.020% $ 3.2m | |
| Chief Accounting Officer & Executive Officer | 5.5yrs | no data | 0.0047% $ 764.2k | |
| Executive Vice President of Investor Relations | 23.83yrs | no data | no data | |
| General Counsel | 0.83yr | no data | 0.0011% $ 174.1k | |
| Chief Communications Officer | no data | no data | no data | |
| Chief Human Resource Officer & Executive VP | 2.5yrs | no data | 0.0034% $ 548.1k | |
| Head of Qualitative Risk - Risk Management & Executive VP | 15.42yrs | no data | no data | |
| Executive VP & Group Head of Debt Capital Markets Origination Structuring | 36.83yrs | no data | no data | |
| Executive VP & Chief Procurement Officer | 13.92yrs | no data | no data |
7.4yrs
Average Tenure
53yo
Average Age
Experienced Management: KEY's management team is seasoned and experienced (7.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 0.50yr | US$4.98m | 0.067% $ 10.7m | |
| Independent Director | 8.5yrs | US$230.00k | 0.0037% $ 593.3k | |
| Independent Director | 11yrs | US$230.00k | 0.014% $ 2.3m | |
| Independent Lead Director | no data | US$280.00k | 0.021% $ 3.4m | |
| Independent Director | 4.25yrs | US$230.00k | 0.0069% $ 1.1m | |
| Independent Director | 5.5yrs | US$220.00k | 0.0025% $ 406.3k | |
| Director | 4.25yrs | US$220.00k | 0.055% $ 8.9m | |
| Independent Director | 11.5yrs | US$230.00k | 0.014% $ 2.2m | |
| Independent Director | 15.5yrs | US$230.00k | 0.011% $ 1.8m | |
| Independent Director | 10.67yrs | US$260.00k | 0.0038% $ 607.8k | |
| Independent Director | 10.33yrs | US$220.00k | 0.0016% $ 253.1k | |
| Independent Director | 6.33yrs | US$230.00k | 0.0024% $ 380.5k |
8.5yrs
Average Tenure
65yo
Average Age
Experienced Board: KEY's board of directors are considered experienced (8.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KEY insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
KeyCorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: KeyCorp
- Ticker: KEY
- Exchange: NYSE
- Founded: 1849
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$16.122b
- Shares outstanding: 976.47m
- Website: https://www.key.com
Number of Employees
Location
- KeyCorp
- Key Tower
- 127 Public Square
- Cleveland
- Ohio
- 44114-1306
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KEY | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1980 |
| KEY | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1980 |
| 0JQR | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1980 |
| KEY1 * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1980 |
| KEY.PRI | NYSE (New York Stock Exchange) | DEP SHS 1/40 E | US | USD | Dec 2016 | |
| KEY.PRJ | NYSE (New York Stock Exchange) | DEP SHS PFD F | US | USD | Jul 2018 | |
| KEY.PRK | NYSE (New York Stock Exchange) | DP SHS PFD G | US | USD | Apr 2019 | |
| K1EY34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Dec 2019 |
Biography
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. It operates in two segments, Consumer Bank and Co...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 23:17 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.